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2012068�4 If the Loan is subject to a law which sets maximum loan charges, and that law is finally interpreted so tha.t the interest or other loan charges collected or to be collected in connection with the Loan exceed the permitted limits, then: (a) any such loa,n charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any sums already collected from B orrower which exceeded permitted limits will be refunded to Bonower. Lender may choose to ma.ke tlus refund by reducing the principal owed under the Note or by making a direct payment to Bonower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge (whether or not a prepayment charge is provided for under the Note). Borrower's acceptance of any such refund made by direct payment to Borrower will constitute a waiver of any right of action Borrower might have arising out of such overcharge. 15. Notices. All notices given by Borrower or Lender in connection with this Security Instrument must be in writing. Airy notice to Bonower in connection with this Security Instrument sha11 be deemed to have been given to Borrower when mailed by first class mail or when actually delivered to Borrower's notice address if sent by other means. Notice to any one Bortower sha11 constitute notice to all Borrowers unless Applicable Law expressly requires othervvise. The notice address shall be the Property Address unless Borrower has designated a substitute notice address by notice to Lender. Bonower shall promptly notify Lender of Bonower's change of address. If Lender specifies a procedure for reporting Borrower's change of address, then Borrower shall only report a change of address through that specified procedure. There may be only one designated notice address under this Security Instrument at any one time. Any notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's address sta.ted herein unless Lender has designated another address by notice to Bortower. Arry notice in connection with this Security Instrument sha11 not be deemed to ha.ve been given to Lender until actually received by Lender. If any notice required by this Security Instiument is also required under Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement under this 5ecurity Instrumen� 16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be governed by federallaw and the law of the jurisdiction in which the Property is located. All rights and obligations contained in this Security Instntment are subject to any requirements and limitations of Applicable Law. Applicable Law might explicitly or implicitly allow the parties to agree by contract or it might be silent, but such silence shall not be construed as a prohibition against agreement by contract In the event that any provision or clause of this 5ecurity Instrument or the Note conflicts with Applicable Law, such conflict shall not affect other provisions of this Security Insirument or the Note which can be given effect without the conflicting provision. As used in this Security Instrument: (a) words of the masculine gender sha.11 mean and include corresponding neuter words or words of the feminine gender; (b) words in the singular shall mean and include the plural and vice versa; and (c) the word "may" gives sole discretion without any obligation to take any action. 17. Borrower's Copy. Borrower sha11 be given one copy of the Note and of this 5ecurity Instcument 18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this 5ection 18, "Interest in the Property" means aay legal or beneficial interest in the Property, including, but not limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales coniract or escrow agreement, the intent of which is the transfer of title by Bonower at a future date to a purchaser. HCFO-00359 NEBRASKASingle Famliy-Fennie MaelFreddie Mec UNIPORM INSTRUMENT Fortn 3028 1/01 VMP� 01/72 Wolters Kluwer Finarxiel Servi� 201208104.1.1.2336-J20120129Y Page 12 of 77 6•